Moody's lowers its Corporate Family Rating on Sears (SHLD +2%) to B1 based on negative revenue...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Moody's lowers its Corporate Family Rating on Sears (SHLD +2%) to B1 based on negative revenue trends and a weak Q3 performance. "The rating downgrade also considers that at this weaker performance level the company is unlikely to generate meaningful cash flow after capital spending and required pension funding contributions."